FICCI: Consumer durables market poised for high growth
18 Oct 2005
New
Delhi: A survey by the Federation of Indian Chambers
of Commerce and Industry (FICCI) has found that most of
the consumer durables segments are set to see a double-digit
growth in the current fiscal.
The colour television segment is expected grow by 15-20 per cent, the projected growth for the VCD/MP3 player segment is 20 per cent, 25 per cent for DVDs, 5-10 per cent for refrigerators, 20-25 per cent for air-conditioners, 5-10 per cent for washing machines and 25 per cent for microwave ovens.
The survey also highlights the shift towards the organised segment. The share of the unorganised segment has come down sharply to 8-10 per cent from 40-50 per cent, as the price differential between the two segments narrows down.
The
survey also says that rural India offers a huge growth
opportunity for consumer durables manufacturers. While
the urban
consumer durables market is growing annually at 7-10
per cent, the rural market is zooming ahead with an
annual growth of 25 per cent.